The electricity distribution companies, DisCos, have improved their revenue collection while reducing losses arising from technical, commercial and general operations.
The breakdown of the NERC’s Q2’23 report shows 18.47 percent of technical and commercial losses and 24.46 percent in collection loss. The report stated: “The financial performance of the DisCos improved between Q1’23 and Q2’23. All the Eleven DisCos recorded a reduction in ATC&C loss in 2023/Q2 compared to 2023/Q1 with the best performers being Kaduna, Ikeja, Ibadan, Eko and Enugu Distribution Company which recorded -14.01percentage points decline, -13.00pp, -8.16pp, -7.81pp and -6.51pp reductions in ATC&C loss respectively”.
Source: News Formal (newsformal.com)
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